1614 Ridge Rd E Oro-Medonte, ON L0L 1T0
Description
S6142920
$3,165(2022)
Multifamily
3-Storey
Simcoe County
Hawkestone
Listed By
TORONTO IDX
Last checked Dec 23 2024 at 4:12 PM EST
- Unlike Any Other 5 Plex Building - Huge Estate Manor (Over 6
- 000 Square Feet) on Just Under An Acre of Property. Exceptional Investment That is 'Turn Key'
- Fully Renovated & Free Form Any Future Capital Improvements.
- Forced Air
- None
- Sep Entrance
- Walk-Up
- Brick
- Sewer: Septic
- Fuel: Gas
- Detached
Hawkstone Manor is a four-story dwelling with five executive suites, each offering unique floor plans. The building and its surroundings have been meticulously maintained, with manicured and groomed grounds creating an inviting atmosphere for residents and guests alike.
This property stands out from other five-plex buildings due to its grand estate-like size, spanning over 6,000 square feet on just under an acre of land. It presents an exceptional investment opportunity, as it is fully renovated and turnkey, requiring no further capital improvements.
Each suite in the building has its own ensuite laundry and fireplace, providing comfort and convenience to the occupants. The mechanical systems of the manor have been upgraded to state-of-the-art standards, ensuring optimal comfort and efficiency. The building is equipped with seven fireplaces, a metal roof, and fully spray-foam insulation. The glazing, doors, driveway, and various other elements have been newly replaced or upgraded.
Notably, all units in the building are separately metered for hydro, and each has its own water purification system and hot water heater. This ensures that residents have control over their utility usage and provides additional convenience. The manor also features new HVAC, electrical, fire security, well, and septic systems, further enhancing its modernity and safety.
Currently, the property generates substantial income with premium tenancies in place, amounting to over $140,000.00 per year. The potential for a Vendor Take Back (VTB) mortgage is also available, offering flexibility for interested buyers.
Overall, Hawkstone Manor is a lifestyle building with exceptional finishes both inside and out. Whether you are an investor, resident, or guest, this property promises an extraordinary living experience in a charming and historical setting.